Search found 3047 matches

by kaneohe
Sat Aug 01, 2015 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Rollover/Pro-Rata issue....
Replies: 18
Views: 739

Re: Rollover/Pro-Rata issue....

Looking at your tax return, is there a Form 8606? There should be one for each of you. You are correct. Form 8606, section II, lines 16 and 17 each have "$5,500" listed. My wife and I each have one of these. The OP and his wife should have received a 1099-r for the conversion amount. Box ...
by kaneohe
Fri Jul 31, 2015 12:20 am
Forum: Investing - Theory, News & General
Topic: Folks using HSAs for retirement- how are you dealing with the "date opened?"
Replies: 3
Views: 445

Re: Folks using HSAs for retirement- how are you dealing with the "date opened?"

I would have thought it would pertain to the first HSA that you ever opened rather than the current one so keep evidence
of when you opened that first account.
by kaneohe
Thu Jul 30, 2015 10:17 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 21
Views: 1284

Re: Getting Hawaiian shave ice on the East Coast

Is it me or does "shave ice" sound awkward? It's ice that has been shaved. Doesn't "shaved ice" sound better? ........ eh, brah. You tink you can speak English mo bettah than us? I bet you say " graduate high school" too. How bout pronouncing "often" ? That's...
by kaneohe
Thu Jul 30, 2015 9:46 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 21
Views: 1284

Re: Getting Hawaiian shave ice on the East Coast

try Yelp for shave ice, shaved ice, etc. We kind of like the Taiwanese style better now. They put the flavor into the ice itself instead of pouring on a sweet syrup later so the flavor is more subtle/sophisticated. I don't know how they shave it but it comes out liked a fabric with folds and is very...
by kaneohe
Thu Jul 30, 2015 9:20 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 21
Views: 1284

Re: Getting Hawaiian shave ice on the East Coast

Is it me or does "shave ice" sound awkward? It's ice that has been shaved. Doesn't "shaved ice" sound better? ........ eh, brah. You tink you can speak English mo bettah than us? I bet you say " graduate high school" too. How bout pronouncing "often" ?
by kaneohe
Wed Jul 29, 2015 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion: Threshold checklist
Replies: 4
Views: 413

Re: Roth conversion: Threshold checklist

How about this one: http://fairmark.com/medicare-tax-on-investments/
200K threshold (for singles), 3.8% on net investment income (or amount above AGI threshold if less).
by kaneohe
Wed Jul 29, 2015 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: Social Security and Expenses
Replies: 61
Views: 3404

Re: Retirees: Social Security and Expenses

If SS represents 20% of one's income the odds are pretty good that he was a fairly high earner and accumulated assets. A high earner, now retired, is probably receiving around $25,000 to $30,000 in SS and therefore it would not be unreasonable to conclude the total income is around $125,000 to $150...
by kaneohe
Wed Jul 29, 2015 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Handling Medical Expenses in Retirement
Replies: 18
Views: 1379

Re: Handling Medical Expenses in Retirement

Maybe we need OP to referee this (or maybe we can blame OP for this). As the first to possibly have led this parade astray, I assumed that OP was asking the general population for advice.....both young and younger......the young would be covered by Medicare and the younger by "insurance" ....
by kaneohe
Tue Jul 28, 2015 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Medical Expenses in Retirement
Replies: 18
Views: 1379

Re: Handling Medical Expenses in Retirement

If you are of Medicare age, have you considered getting a Medigap (supplement) policy. For a "small" monthly premium, you could possibly have no other out-of-pocket expenses even if the worst happens and you have a serious illness costing tens of thousands of dollars. It can be hard to pre...
by kaneohe
Tue Jul 28, 2015 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Taxable income computation by Vanguard
Replies: 25
Views: 1155

Re: Taxable income computation by Vanguard

As toons mentioned, you may aggregate all purchases for a security purchased on various dates (but separate into LT and ST) and sold on a specific date. Use another entry for a different sale date. This is for F8949 if basis is not reported to IRS . If basis is reported, you can skip F8949 and repor...
by kaneohe
Mon Jul 27, 2015 11:10 am
Forum: Forum Issues and Administration
Topic: Cannot access the wiki
Replies: 7
Views: 237

Re: Cannot access the wiki

prudent wrote:Accessing the wiki with this link is working for me. https://www.bogleheads.org/wiki/Main_Page


same problem using this link or the wiki link on top/right of page
by kaneohe
Sun Jul 26, 2015 3:01 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting
Replies: 2
Views: 302

Re: Tax Loss Harvesting

Yes..........if you had to buy/sell within the same yr, you would only have short-term losses but long-term losses are also allowed.
http://www.irs.gov/pub/irs-pdf/f1040sd.pdf
by kaneohe
Fri Jul 24, 2015 6:17 pm
Forum: Forum Issues and Administration
Topic: Are Things Slowing Down Again?
Replies: 10
Views: 1451

Re: Are Things Slowing Down Again?

same here
by kaneohe
Fri Jul 24, 2015 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

According to this, there is no advantage to paying ahead of time: " You won't get any special credit for making an early payment of the amounts due later in the year." see the paragraph above "Keep Records" near the end of this: http://fairmark.com/estimate/payments.htm
by kaneohe
Fri Jul 24, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better for Grandparent or Parent Open 529 for Child?
Replies: 9
Views: 956

Re: Is it better for Grandparent or Parent Open 529 for Child?

check out some of the links here from the savingforcollege.com site http://www.savingforcollege.com/search/index.php?query=grandparents&mode=Go The one about why grandparents love 529s says that when you own the 529, you can retain control as well as remove the assets from your estate. http://ww...
by kaneohe
Thu Jul 23, 2015 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Not paying estimated taxes
Replies: 20
Views: 2269

Re: Not paying estimated taxes

What is different about this yr vs last yr (if anything)? What did you do last yr?
by kaneohe
Sat Jul 18, 2015 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Gap Monthly Costs
Replies: 11
Views: 1223

Re: Medicare Gap Monthly Costs

Perhaps your state dept of insurance has something similar to this:
https://interactive.web.insurance.ca.go ... careSearch

enter a CA zip code like 94087 or 95051 to get some CA rates. Also select individual for policy type and select age.
by kaneohe
Sun Jul 12, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Tiaa cref direct
Replies: 4
Views: 573

Re: Tiaa cref direct

I have had an account with TIAADIRECT for several years. I have not had any problems. The rates have moved to the low side and the transfer restrictions have increased. Customer service is good. same here.......They seem to have been schizo about whether they wanted to be in this business or not. O...
by kaneohe
Sat Jul 11, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: 12-month IRA rollover rule questions
Replies: 10
Views: 1045

Re: 12-month IRA rollover rule questions

Link to IRS "One Rollover Per Year Rule" (Explanation added to naked link by Mod Mel)

http://www.irs.gov/Retirement-Plans/IRA-One-Rollover-Per-Year-Rule
by kaneohe
Sat Jul 11, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: 12-month IRA rollover rule questions
Replies: 10
Views: 1045

Re: 12-month IRA rollover rule questions

The one rollover/12 mos. applies to each individual........and it is applies to all your IRAs together so you don't get 1 for TIRAs and another for Roths........ http://fairmark.com/forum/read.php?2,76297 You report the rollover on line 15a of the 1040. http://www.irs.gov/pub/irs-pdf/f1040.pdf If al...
by kaneohe
Wed Jul 08, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: Long Term Capital Gains Question-- 15% Tax Bracket
Replies: 11
Views: 614

Re: Long Term Capital Gains Question-- 15% Tax Bracket

for a nice graphical way of thinking about this, see the stacked bar chart by tfb (12/11/11 post 5:26pm) https://www.bogleheads.org/forum/viewtopic.php?t=86849
(note that the thread is about QDIV but the same applies to LTCG). Stack the QDIV/LTCG on top
of the ordinary income.
by kaneohe
Mon Jun 29, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4257

Re: Sychrony Bank - warning

3) 3 min wait just now. Are you claiming 30 min avg? for how many calls? made Monday mornings? Perhaps your sample size/sampling technique would be useful to know.

4) what kind of activity would occur on a CD except interest posting once a month?

generally, no problems here.
by kaneohe
Sun Jun 28, 2015 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Risks of RMD Withdrawal From A Single Fund IRA
Replies: 54
Views: 6318

Re: Risks of RMD Withdrawal From A Single Fund IRA

https://www.irahelp.com/forum-post/24054-distribution-kind-ira-holding-period Thanks kaneohe--I found several other similar non-authoritative sources of unknown credentials saying essentially the same thing and it may well be right but I can't find any authoritative source. ...........................
by kaneohe
Sun Jun 28, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Risks of RMD Withdrawal From A Single Fund IRA
Replies: 54
Views: 6318

Re: Risks of RMD Withdrawal From A Single Fund IRA

Interesting question arises: if you do an in-kind distribution of securities from your tIRA to your taxable account, what happens to the "holding period" for determining whether a subsequent sale in taxable down the road is long term or short term? Obviously, if you sell securities in you...
by kaneohe
Sun Jun 28, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Discover card 2X cash back
Replies: 21
Views: 3033

Re: Discover card 2X cash back

If you have a More card (instead of IT), you might be able to apply for the IT card and be eligible for the double rewards. No guarantees but at this point,this might be better than trying to convert the More card........at least according to a supe I talked to. The key thing is whether you are cons...
by kaneohe
Thu Jun 25, 2015 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Question about IRA deductibility
Replies: 7
Views: 576

Re: Question about IRA deductibility

Alan,

This link seems more confusing than helpful.........what would be lost if IRS just got rid of it?
http://www.irs.gov/Retirement-Plans/Are-You-Covered-by-an-Employer's-Retirement-Plan%3F
by kaneohe
Wed Jun 24, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterzing Roth IRA
Replies: 5
Views: 455

Re: Recharacterzing Roth IRA

In place of steps 1 and 2, explicitly state that you want to do a recharacterization, and let the Vanguard employee take care of the details. The IRS does not allow step 3 to be done the next day. According to http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-IRAs-Recharacterizati...
by kaneohe
Fri Jun 19, 2015 1:32 am
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Rollover or not?
Replies: 10
Views: 743

Re: Traditional IRA Rollover or not?

mhalley wrote:I
So you pull it out to put down on the house, or roll it over to a roth, both resulting in the same taxes. (except if you pull it out to put on the house, just pull out the 5500 and leave the 300 gains in there).
Mike


What is the reason for leaving the 300 gains in the TIRA?
by kaneohe
Sun Jun 14, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA's RMDs causing increasing tax concerns
Replies: 62
Views: 7622

It should be fairly easy to determine if space is available in the 15% bracket. ............................................ Do not include Qualified Dividends or Capital Gains since those are taxed separately. Electron, if you do this and don't include QDIV/LTCG, in filling up the 15% bracket w/ o...
by kaneohe
Tue Jun 02, 2015 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Confusion
Replies: 11
Views: 1454

Re: ROTH IRA Confusion

The Fairmark table is the best table I've seen. Radiowave, you'd be able to withdraw $50,000 from that Roth without tax or penalty. There is one thing I want to make sure of, however. There are some people who open a Roth IRA at age 65 and fund it with a conversion from an IRA. Just to be clear, if...
by kaneohe
Tue Jun 02, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Confusion
Replies: 11
Views: 1454

Re: ROTH IRA Confusion

I like the table by kawill in this thread (the table passed Alan S.'s review) http://fairmark.com/forum/read.php?2,63970 You need to know the ordering rules discussed in the link......that contributions come out first, then conversions from oldest to youngest (and within each conversion, the taxable...
by kaneohe
Sun May 31, 2015 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Step-up Basis? - JT Xfer to Revocable Trust - California
Replies: 4
Views: 421

Re: Step-up Basis? - JT Xfer to Revocable Trust - California

I was under the impression that when we retitled our property from JTWROS to our joint revocable living trust in CA that it would have the full step up in basis upon the first death based on what the lawyer said at that time (vs. a half step up for JTWROS) . This article seems to confirm that http:/...
by kaneohe
Sun May 31, 2015 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions?
Replies: 19
Views: 2076

Re: Roth Conversions?

Here is a link to an article discussing various types of accounts: http://fairmark.com/retirement/roth-accounts/to-roth-or-not-to-roth/roth-ira-rules-of-thumb/ One reason for picking a TIRA over a Roth might be if you are paying taxes now at a higher rate than when you make the withdrawal and if you...
by kaneohe
Thu May 21, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Major Medical Question
Replies: 10
Views: 1142

Re: Medicare and Major Medical Question

I am trying to understand what a major medical policy will cover that a good medigap policy won't.
by kaneohe
Mon May 18, 2015 1:25 pm
Forum: Personal Consumer Issues
Topic: After test driving a car, best next steps to take?
Replies: 9
Views: 1489

Re: After test driving a car, best next steps to take?

You can use the Subaru.com website to locate dealers within your desired radius of operation. Each of the dealers has a website and you can contact them (use the "about us" link) to contact them. Prepare your request for a quote w/ the details (model, color, options, etc) and copy and past...
by kaneohe
Sun May 17, 2015 1:27 am
Forum: Personal Finance (Not Investing)
Topic: 529 all at once
Replies: 3
Views: 971

Re: 529 all at once

see this older thread esp the Alan S. posts......... https://www.bogleheads.org/forum/viewtopic.php?t=114827 you can do it however you want....just be sure that you don't violate the annual limits when you combine the various contributions. Each contribution can be considered all in that year or spl...
by kaneohe
Sun May 10, 2015 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Close-Out Fee
Replies: 5
Views: 1100

Re: Close-Out Fee

Perhaps call Schwab to clarify? Not the same situation but when I asked for a check from my IRA, Schwab advised me to sell enough shares to cover the check because if they did the sale,they would charge me for the transaction.
by kaneohe
Sat May 09, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion, paying taxes from taxable
Replies: 6
Views: 650

Re: Roth conversion, paying taxes from taxable

................................. QED, it's best to convert to Roth if you have taxable to use for the taxes, and you are in the 25% bracket in all cases. Am I missing something? Any downsides that I am not seeing? One thing that I didn't see mentioned..............your tax bracket when you start w...
by kaneohe
Thu May 07, 2015 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Keeping Track of Cost Basis
Replies: 4
Views: 391

Re: Keeping Track of Cost Basis

A copy of my tax filing *should* have all the information that I would need, right? ? A regular Roth contribution is not reported on your tax return so tax returns only are not sufficient documentation. The 5498 reports regular contributions and conversion contributions so those should be kept alon...
by kaneohe
Thu Apr 30, 2015 8:31 am
Forum: Investing - Help with Personal Investments
Topic: First time indirect rollover help!
Replies: 2
Views: 296

Re: First time indirect rollover help!

Sounds like you have it .......just make sure you put in the VG Roth within 60 days. I belive you will get a 1099R next yr but you won't be taxed if you file correctly.....put the amount of the rollover in box 15a and 0 taxable income because of rollover on line 15b of 1040.
by kaneohe
Wed Apr 29, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: revising a living trust vs. new one..
Replies: 8
Views: 682

Re: revising a living trust vs. new one..

Perhaps this might be useful http://wills.about.com/od/overviewoftrusts/a/trustamendment.htm which discusses amendments vs a restatement of a trust. You can imagine that a lawyer might find it easier to implement his own version of a trust rather than amend a trust made by somebody else esp. by you ...
by kaneohe
Mon Apr 27, 2015 1:07 am
Forum: Investing - Theory, News & General
Topic: Quickie to clarify confusion re: 0% long-term capital gains
Replies: 29
Views: 2403

Re: Quickie to clarify confusion re: 0% long-term capital ga

.................................................. By the way I had absolutely no idea that the lousey one dollar from a fund distribution would make so much difference. Other than making you use the Sch D wksht, was there really much difference in the result? I had to use that wksht for the first ...
by kaneohe
Sun Apr 26, 2015 12:55 am
Forum: Personal Finance (Not Investing)
Topic: HSA Receipt Documentation
Replies: 12
Views: 1069

Re: HSA Receipt Documentation

You may also have to demonstrate that you never used these expenses as medical deductions on your tax returns so you will also have to keep all tax returns and supporting documents if you did take medical deductions (to show that they were different expenses than the HSA).
by kaneohe
Fri Apr 24, 2015 7:03 pm
Forum: Investing - Theory, News & General
Topic: Quickie to clarify confusion re: 0% long-term capital gains
Replies: 29
Views: 2403

Re: Quickie to clarify confusion re: 0% long-term capital ga

If you have no capital gains, then you are correct. But if you have capital gains, you have to use the Qualified Dividends and Capital Gains Worksheet to compute your taxes. It has you compute an "Adjusted Taxable Income", which is line 43, less your capital gains and less your QDI, in ot...
by kaneohe
Fri Apr 24, 2015 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost to setup a Living Trust?
Replies: 29
Views: 2576

Re: Cost to setup a Living Trust?

mjdaniel wrote:I used these guys in 1998, Saratoga, CA. http://affordablelivingtrusts.com/


Any comments about the process/product/service?
by kaneohe
Thu Apr 23, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 8521

Re: Marriage and splitting expenses

I don't know if you live in a community property state or not but perhaps their rules can be a guide: income while you are married is basically pooled so you pay bills out of "our" income ; assets you bring into the marriage or are gifted/inherited are separate. Perhaps you can devise some...
by kaneohe
Thu Apr 23, 2015 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 145
Views: 10980

Re: Should I apply for manager's job or continue as a techie

Simple enough: As a technie you complete your tasks then you have a life for yourself. Come early, leave early, work remote, post in bogleheads :D etc. As a manager, you sit and delegate tasks, ......................... My manager once described management as reining in stallions and lighting fires...
by kaneohe
Mon Apr 20, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for the Minimum Required Distribution
Replies: 41
Views: 3380

Re: Preparing for the Minimum Required Distribution

Note that the law on RMD's has been made permanent to allow charitable contributions directly from traditional IRA's in lieu of (total) RMD. I.e., whatever your RMD was supposed to be is reduced by the amount you give directly from the IRA to charities & thus this reduces your income & taxe...
by kaneohe
Sun Apr 19, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH 5 year rule
Replies: 21
Views: 2665

Re: ROTH 5 year rule

[......................................... Regular Roth contributions are January of year account opened. Roth conversions are as of the month you did the conversion. Since you mention declaring on your taxes, this sounds like a Roth conversion in which case IRS info is correct. for conversions, it...
by kaneohe
Sat Apr 18, 2015 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 56
Views: 4288

Re: Mailing tax returns

Just curious about your experience w/ tracking certified mail . I mailed both state/federal on Monday AM. Website took whole day to show receipt. Subsequently it showed expected delivery to be Wed for both but later state delivery was changed to show expected delivery for Friday. Federal showed earl...

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